Grantham Mayo Van Otterloo & Co. LLC Acquires 3,239 Shares of KB Home (NYSE:KBH)

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of KB Home (NYSE:KBH) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,324 shares of the construction company’s stock after purchasing an additional 3,239 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.09% of KB Home worth $4,490,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of KB Home during the 4th quarter valued at about $254,000. ExodusPoint Capital Management LP bought a new position in shares of KB Home during the fourth quarter valued at approximately $2,809,000. Kesler Norman & Wride LLC increased its position in KB Home by 47.2% during the 4th quarter. Kesler Norman & Wride LLC now owns 9,248 shares of the construction company’s stock valued at $608,000 after buying an additional 2,965 shares in the last quarter. Headlands Technologies LLC boosted its stake in KB Home by 1,409.1% in the 4th quarter. Headlands Technologies LLC now owns 996 shares of the construction company’s stock worth $65,000 after purchasing an additional 930 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of KB Home in the fourth quarter worth approximately $350,000. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KBH has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price objective on KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 25th. Bank of America lowered their price objective on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group cut their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Wedbush reissued a “neutral” rating and set a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Finally, Barclays reduced their price objective on KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and an average price target of $71.21.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.89% of the company’s stock.

KB Home Trading Up 3.6 %

KB Home stock opened at $57.61 on Monday. KB Home has a 12-month low of $54.02 and a 12-month high of $89.70. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.90 and a beta of 1.65. The firm has a 50 day moving average of $62.45 and a 200 day moving average of $71.37. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company earned $1.76 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. KB Home’s dividend payout ratio is presently 12.20%.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.